What are the responsibilities and job description for the Head of Diverse & Emerging Manager Strategy position at Office of the New York City Comptroller?
The New York City Comptroller’s Office works to promote the financial health, integrity, and effectiveness of New York City government, in order to strengthen trust, secure a thriving future for all New Yorkers, and build a more just, equitable, and resilient city. Led by an independently elected citywide official, the comptroller’s office provides checks and balances needed to hold City government accountable for budgeting wisely, investing responsibly, operating efficiently, acting fairly, living up to its obligations and promises, and paying attention to the long-term challenges we face together.
The Bureau of Asset Management is responsible for oversight of the investment portfolios of the five New York City pension systems. Through a culture of collaboration, individual development, and teamwork that leverages diverse talent and strives for continuous improvement, the goal of the Bureau of Asset Management is to achieve exceptional investment outcomes for all stakeholders; to deliver outstanding support to plan Trustees; and to serve as a responsible steward of the resources of plan beneficiaries and the City of New York.
The Head of Diverse and Emerging Manager Strategy is tasked with the strategic oversight, development, and execution of the Emerging Manager Program. This role is crucial for identifying, evaluating, and managing relationships with emerging managers across various asset classes, ensuring the program aligns with our organizational goals of enhancing diversity and driving financial performance through innovative and sustainable investments.
Responsibilities
Reporting to the Deputy Chief Investment Officer for Responsible Investing, responsibilities of the position include, but are not limited to, the following:
Minimum Qualifications
As a prospective employee of the City of New York, you may be eligible for federal loan forgiveness programs and state repayment assistance programs. For more information, please visit the U.S. Department of Education’s website at https://studentaid.gov/pslf/.
Residency Requirement
New York City residency is generally required within 90 days of appointment. However, City Employees in certain titles who have worked for the City for 2 continuous years may also be eligible to reside in Nassau, Suffolk, Putnam, Westchester, Rockland, or Orange County. To determine if the residency requirement applies to you, please discuss with the agency representative at the time of interview.
Additional Information
The City of New York is an inclusive equal opportunity employer committed to recruiting and retaining a diverse workforce and providing a work environment that is free from discrimination and harassment based upon any legally protected status or protected characteristic, including but not limited to an individual's sex, race, color, ethnicity, national origin, age, religion, disability, sexual orientation, veteran status, gender identity, or pregnancy.
The Bureau of Asset Management is responsible for oversight of the investment portfolios of the five New York City pension systems. Through a culture of collaboration, individual development, and teamwork that leverages diverse talent and strives for continuous improvement, the goal of the Bureau of Asset Management is to achieve exceptional investment outcomes for all stakeholders; to deliver outstanding support to plan Trustees; and to serve as a responsible steward of the resources of plan beneficiaries and the City of New York.
The Head of Diverse and Emerging Manager Strategy is tasked with the strategic oversight, development, and execution of the Emerging Manager Program. This role is crucial for identifying, evaluating, and managing relationships with emerging managers across various asset classes, ensuring the program aligns with our organizational goals of enhancing diversity and driving financial performance through innovative and sustainable investments.
Responsibilities
Reporting to the Deputy Chief Investment Officer for Responsible Investing, responsibilities of the position include, but are not limited to, the following:
- Work with the Systems’ Boards of Trustees and their Consultants to identify and support due diligence processes for potential investment opportunities with emerging managers, aligning with strategic objectives.
- Develop and maintain robust relationships with internal and external stakeholders to enhance program visibility and success.
- Oversee the performance analysis of investments and recommend portfolio adjustments based on market research and data.
- Represent the institution at conferences and seminars, enhancing the program’s profile and networking with potential partners.
- Manage the ongoing monitoring and reporting of investment performance, ensuring adherence to policy and performance objectives.
- Provide leadership and direction to the team, promoting an environment that encourages professional growth and knowledge sharing.
- Prepare detailed written recommendations in support of new and follow-on investments or programs; and,
- Perform related assignments or special projects as may be required.
Minimum Qualifications
- Graduate degree from an accredited university in economics, finance, business, or a closely related field, and seven (7) or more years of progressively responsible full-time professional experience in a financial services organization with progressively increasing responsibility, or similar experience at a consulting, strategic advisory or government entity or closely related area, at least eighteen (18) months or more of this experience must have been in a managerial, administrative, or supervisory capacity. Supervision must have included supervising staff performing professional work in the areas described above; or,
- BA/BS degree from an accredited college and ten (10) or more years of progressively responsible experience in a financial services organization as described in “1” above, including at least eighteen (18) months of managerial, administrative or supervisory experience as described in “1” above; or,
- A satisfactory equivalent of education and experience mentioned above.
- Prior experience working with Emerging Managers - Excellent interpersonal, communication, reporting writing, and organizational skills - Experience managing external relationships, underwriting transactions, and industry benchmarks.
As a prospective employee of the City of New York, you may be eligible for federal loan forgiveness programs and state repayment assistance programs. For more information, please visit the U.S. Department of Education’s website at https://studentaid.gov/pslf/.
Residency Requirement
New York City residency is generally required within 90 days of appointment. However, City Employees in certain titles who have worked for the City for 2 continuous years may also be eligible to reside in Nassau, Suffolk, Putnam, Westchester, Rockland, or Orange County. To determine if the residency requirement applies to you, please discuss with the agency representative at the time of interview.
Additional Information
The City of New York is an inclusive equal opportunity employer committed to recruiting and retaining a diverse workforce and providing a work environment that is free from discrimination and harassment based upon any legally protected status or protected characteristic, including but not limited to an individual's sex, race, color, ethnicity, national origin, age, religion, disability, sexual orientation, veteran status, gender identity, or pregnancy.
